MEDIA COVERAGE > EXECUTIVE, June 2014

Lebanon’s payment gateway curse

Typically, when a customer buys a product online through a payment gateway, the cardholder’s information goes through a long chain of servers and processors that link the cardholder, the merchant and the payment association before arriving to the credit card’s issuing bank …

(Lebanese entrepreneur) Karim Saikali, a veteran of Lebanese e-commerce who founded BuyLebanese.com (and E-comLebanon.com) explains that many American banks will routinely block transactions that are done on a Middle Eastern payment gateway for “security reasons.”…